This property looks like a bad Mid-Term investment with a projected -24.79% first-year return on $278k initial cash invested.
-24.79%
Cash On Cash
1.46%
Cap Rate
0.21
DSCR
$5,349
Rent
-$5,736
Cashflow
Cash Flow
$5,349 income − $11,085 expenses = $5,736 out of pocket
Investment Breakdown
|
Purchase Price
$1237k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$247k
Closing costs
1%
$12,367
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,349
Total Expenses
$11,085
Mortgage P&I
131%
$7,022
Property Taxes
15%
$800
Home Insurance
27%
$1,445
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588